market

Sweden is expected to oppose the EU's proposed minimum excise taxes at the Nov. 9 finance ministers' meeting, singling out the tobacco-free nicotine pouch levy. Because EU tax law needs unanimity, that could stall the whole package.

regulation

The EU has pushed its vote on tobacco and nicotine tax changes from October to November, confirming that Sweden's post-election stalemate is stalling the bloc's first-ever nicotine pouch tax. Sweden remains the holdout — and under unanimity rules, it only takes one.